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MILEAGE RATES - JUNE 2012

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MILEAGE RATES - JUNE 2012 Powered By Docstoc
					                                                                          THE AUTOMOBILE ASSOCIATION OF ZIMBABWE                                                     V150

                                                                              ESTIMATED VEHICLE OPERATING COSTS
                                                                                      (OVER 12 MONTHS)

BASIS OF CALCULATIONS :                                                    LUXURY                    LARGE                      MEDIUM                 LIGHT
                                                                         Over 3000cc              2001 - 3000cc               1501 - 2000cc          Up to 1500cc
Average Purchase Price (Note 2)                                             +$35 000        '$20 000 - $35 000             '$10 000 - $20 000       'Below $10 000
                                                                  Petrol       Diesel      Petrol         Diesel       Petrol         Diesel       Petrol     Diesel
Approx. distance covered in 1 year                                        16 000 km                 16 000 km                   16 000 km                 16 000 km
Approximate consumption in litres/100 km                          14.0          12.0       12.0            10.0        10.0            8.0          8.0         7.0
FIXED COSTS
Licence (Note 1)                                                    60.00        60.00       60.00          60.00        60.00           60.00       60.00          60.00

Insurance (Note 4)                                                1,750.00    1,750.00    1,375.00       1,375.00      750.00          750.00       500.00         500.00
Depreciation (Notes 5 & 6)
                                                           Sub.   1,810.00    1,810.00    1,435.00       1,435.00      810.00          810.00       560.00         560.00
RUNNING COSTS
Fuel @ $1,46 /litre Petrol & $1,36/litre Diesel (Note 3)          3,270.40    2,611.20    2,803.20       2,176.00    2,336.00        1,740.80     1,868.80        1,523.20

Service/Lubrication                                               1,480.00    1,480.00    1,000.00       1,000.00      740.00          740.00       690.00          690.00
Sundry Repairs & Replacements                                     1,848.75    1,848.75    1,357.50       1,357.50      960.00          960.00       730.50          730.50
TOTAL (over 1 year)                                               8,409.15    7,749.95    6,595.70       5,968.50    4,846.00        4,250.80     3,849.30        3,503.70

COST / Km                                                   $        0.53 $      0.48 $        0.41 $         0.37 $        0.30 $        0.27 $         0.24 $       0.22
Loss of interest on capital outlay @ 6%
nominal rate (Note 7)
NOTES
1. Licencing fees as at 1 January 2012 ( US$60.00 annual fee)
2. Average purchase price includes both NEW and SECONDHAND vehicles at present values.
3. The Association has taken the average pump price for fuel sold on the forecourts across the same group of service stations.
4. Based on 5% of value of vehicle.
5. Where members wish to include a depreciation figure for accounting purposes the following guidelines are provided:
                                                               Luxury     : $0,16/km Medium : $0,07/km
                                                               Large      : $0,13/km Light       : $0,05/km
6. No residual value of the vehicle is given.
7. Loss of interest on capital outlay @6%. Individual members may, include the figures if they so wish - the calculation, for a medium vehicle, is as follows;
                                                           Approx. vehicle value, say $15 000
                                                           $15 000 @ 6% p.a. = $900 p.a. divided by 16 000* = $0.06/km
AA OF ZIMBABWE                                             (*i.e. distance covered over 1 year)
P.O. BOX 585                                                                                                                      JUNE 2012
HARARE
PLEASE NOTE THAT THIS OPERATING COSTS SCHEDULE HAS BEEN EXPRESSED IN U.S. DOLLARS

				
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